Medallion Financial (NASDAQ:MFIN) Announces Quarterly Earnings Results, Beats Estimates By $0.01 EPS

Medallion Financial (NASDAQ:MFINGet Free Report) released its earnings results on Tuesday. The credit services provider reported $0.37 EPS for the quarter, beating the consensus estimate of $0.36 by $0.01, Zacks reports. The firm had revenue of $77.00 million during the quarter, compared to analysts’ expectations of $52.88 million. Medallion Financial had a net margin of 14.97% and a return on equity of 10.35%. During the same period in the prior year, the company earned $0.48 EPS.

Medallion Financial Stock Performance

NASDAQ:MFIN traded down $0.06 during trading hours on Wednesday, hitting $9.37. 65,383 shares of the company traded hands, compared to its average volume of 92,069. The stock has a market capitalization of $217.10 million, a price-to-earnings ratio of 5.21 and a beta of 2.14. The company has a current ratio of 1.19, a quick ratio of 1.19 and a debt-to-equity ratio of 0.55. The firm has a 50-day moving average of $8.17 and a 200 day moving average of $8.04. Medallion Financial has a twelve month low of $6.48 and a twelve month high of $10.14.

Medallion Financial Announces Dividend

The business also recently announced a dividend, which will be paid on Wednesday, November 27th. Investors of record on Friday, November 15th will be paid a dividend of $0.11 per share. The ex-dividend date of this dividend is Friday, November 15th. Medallion Financial’s payout ratio is currently 22.22%.

Analyst Ratings Changes

Separately, StockNews.com upgraded shares of Medallion Financial from a “hold” rating to a “buy” rating in a research note on Monday.

Check Out Our Latest Analysis on Medallion Financial

Medallion Financial Company Profile

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Medallion Financial Corp., together with its subsidiaries, operates as a specialty finance company in the United States. It operates in four segments: Recreation Lending, Home Improvement Lending, Commercial Lending, and Taxi Medallion Lending. The company offers loans that finance consumer purchases of recreational vehicles, boats, and other consumer recreational equipment; consumer financing for window, siding, and roof replacement, swimming pool installations, and other home improvement projects; senior and subordinated loans for the purchase of equipment and related assets necessary to open a new business, or purchase or improvement of an existing business; and taxi medallion loans to individuals and small to mid-size businesses.

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Earnings History for Medallion Financial (NASDAQ:MFIN)

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